Abraaj founder loses challenge to U.S. extradition on fraud charges | Reuters
The founder of collapsed private equity company Abraaj Group on Wednesday lost a bid to challenge his extradition from London to the United States to face fraud charges.
U.S. prosecutors allege Pakistani businessman Arif Naqvi is the architect of a plot to defraud investors including the Bill & Melinda Gates Foundation.
Naqvi has previously denied the allegations through a public relations firm.
Judge Jonathan Swift on Wednesday refused Naqvi permission to bring a judicial review against the 2021 approval of his extradition to the United States.
Naqvi’s lawyer Edward Fitzgerald told London’s High Court on Tuesday that Naqvi was likely to be held in a New Jersey prison where he may have to share a dormitory with violent criminals.
Naqvi also suffers from severe depression and there is a “real risk” of suicide if he is extradited, Fitzgerald argued.
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